SHANGHAI, Oct 26 (SMM) - This is a roundup of global macroeconomic news last night and what is expected today.

The dollar steadied on Monday afternoon after bouncing off a one-month low as traders weighed the prospects of higher interest rates for different currencies and considered how coming economic data and central bank comments could impact their positions.

The upward move came at the expense of the euro, the Japanese yen and the Swiss franc. The change seemed to indicate that the market had taken the dollar down too much recently on expectations that inflation outside the U.S. will force up interest rates for other currencies faster than for the greenback.

The dollar index against major currencies steadied with a gain of nearly 0.2% for the day after turning up from a one-month low in early trading. Before the turn, the index had lost 1% over two weeks.

Threats to current positions could come on Thursday from the European Central Bank and from U.S. economic data and from U.S. and European inflation data on Friday, as well as a meeting of the Bank of Canada on Wednesday.

U.S. stock futures were steady in overnight trading on Monday as investors await a slew of major technology earnings with the broader market at a record high.

Dow futures rose just 10 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.15%.

Shares of social media giant Facebook ticked 3% higher in after-hours trading on Monday after the company topped analysts’ earnings expectations. Facebook missed expectations for revenue and monthly active users.

The Dow Jones Industrial Average and S&P 500 closed at record highs on Monday. The Dow gained 64 points. The S&P 500 gained 0.5%, helped by a 12% rally in Tesla’s stock as the electric carmaker hit a $1 trillion market capitalization for the first time.

The Nasdaq Composite was the outperformer, rising 0.9%. The technology-focused average is about 1.1% from its record high.

Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps.

Brent crude futures settled 0.54% higher at $85.99 per barrel, following on from last Friday’s 1.1% gain. The contract was near a three-year high of $86.10, hit last Thursday.

U.S. West Texas Intermediate (WTI) crude futures settled flat at $83.76 per barrel, after climbing 1.5% on Friday. It touched its highest since October 2014 — $84.28 — earlier in the session.

Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.

Spot gold gained 0.8% to $1,805.90 per ounce. U.S. gold futures for December delivery settled up 0.6% at $1,806.80 per ounce.

The pan-European Stoxx 600 closed up by 0.2% provisionally, with most major bourses in positive territory. Among sectors, auto companies led the gains, climbing 2.5%.

Germany’s Ifo Institute business climate survey showed supply chain problems weighing on Europe’s largest economy in October.

Attention this week will be attuned to big tech earnings, with Facebook due to report later in the day.